News

Guyana has been blessed with enormous oil and gas resources. The revenues from this remarkably lucrative sector can transform the country and enable its citizens to reach higher standards of living. These revenues can also buttress the diversification of...

The nearly 11 billion barrels of oil equivalent found so far at the Stabroek Block offshore Guyana may just be a scratch on the surface of what is emerging as one of South America’s most prolific oil and gas...

Guyana’s upward trajectory brought on by its massive oil and gas reserves has piqued United Kingdom investor interest. According to the British High Commissioner to Guyana, Jane Miller, many companies are eager to establish a stronghold in the South...

Guyana expects windfall revenues from the sale of its crude this decade as ExxonMobil looks to add one new oil production vessel almost every year to its offshore operations. To make sure these revenues contribute to lasting growth for...

The hunt for a candidate to man Brazil’s state-run Petroleo Brasileiro (Petrobras) as its Chief Executive Officer (CEO) continues. However, a new Board Chairman was tapped along with nine other members. According to Petrobras, Gileno Gurjao Barreto – the new chair pick –...

French giant, TotalEnergies, according to Norway-based Rystad Energy, is now added to the short list of exploration and production companies to top 2030 renewable energy targets after clinching a major deal to acquire a 50% stake in Clearway Energy Group. Total’s...

Bourbon Mobility vessels – the Sirocco FSIV and the Surfer 2609 have been brought on to support Saipem’s liquefied natural gas (LNG) project on the Greater Tortue Ahmeyim field off the coast of Mauritania and Senegal. The Italian multinational is constructing a mega...

Chief Executive Officer of Hess Corporation, John Hess, said he hopes that by the end of 2023, approval will be secured for ExxonMobil to place its sixth floating production storage and offloading (FPSO) vessel at the Stabroek Block. Hess is...

(S&P Global Platts) The UK on June 14 launched its first CO2 storage licensing round aimed at supplementing existing licenses and becoming a "global leader" in the field, with as many as 100 storage sites eventually needed. Regulator, the North...

With only two and a half years as an oil producer, Guyana has been taking firm steps to steer clear of the commonly made mistakes and pitfalls of the petroleum industry thus far. This, according to the British High Commissioner...